Morning Stock Analysis

$BBBY $DRUG $SOFI Stock Watchlist 08/24/2022

$BBBY $DRUG $SOFI all made moves on 08/24/2022. Here is an analysis of the stock price action.
Published: 08/24/2022 8:04 am
Updated: 08/24/2022 8:07 am
#bbby #drug #sofi #stocks #stock review #stock price analysis #stock market #investing
August 2022 | Money Placement

Below is an analysis of the stock price action for Bed Bath & Beyond (BBBY), Bright Minds Bioscience (DRUG), SoFi Technologies (SOFI). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.

Bed Bath & Beyond (BBBY)

BBBY has recently seen a lot of trading due to meme mania. It had a crazy buy up followed by an extreme sell off. Today it is rising on positive news. Due to the volatility it might see a few short squeeze levels if the buying continues.

Shares: 50-100milIndustry: RetailCatalyst: Positive Company NewsATR: 3.00 - 5.00Time Frame: 1 Minute
Short Squeeze
Resistance: 12.25Resistance: 11.65Support: 10.9
BBBY Daily Chart

Bright Minds Bioscience (DRUG)

DRUG is seeing a bit of a technical continuation play today in the premarket. It's a low float with modest volatility so definitely one to watch. It has a recent history of gap up & fades intraday.

Shares: 10-25milIndustry: BiotechnologyCatalyst: TechnicalATR: 0.50 - 1.00Time Frame: 1 Minute
Short Squeeze
Resistance: 2.35Resistance: 2.18Support: 2Support: 1.65
DRUG Daily Chart

SoFi Technologies (SOFI)

SOFI is seeing volatility this premarket, perhaps waking up out of its recent down trend.

Shares: +500milIndustry: FinancialsCatalyst: TechnicalATR: 0.25 - 0.50Time Frame: 1 Minute
Resistance: 6.7Resistance: 6.15
SOFI Daily Chart

Recap

BBBYDRUGSOFI
Shares: 50-100milIndustry: RetailCatalyst: Positive Company NewsATR: 3.00 - 5.00Time Frame: 1 MinuteShort SqueezeResistance: 12.25Resistance: 11.65Support: 10.9Shares: 10-25milIndustry: BiotechnologyCatalyst: TechnicalATR: 0.50 - 1.00Time Frame: 1 MinuteShort SqueezeResistance: 2.35Resistance: 2.18Support: 2Support: 1.65Shares: +500milIndustry: FinancialsCatalyst: TechnicalATR: 0.25 - 0.50Time Frame: 1 MinuteResistance: 6.7Resistance: 6.15